Money = Debt = War (The Rothschild Formula and The Myth of Barter)

Episode #577 - Money = Debt = War (The Rothschild Formula and The Myth of Barter)

http://www.unwelcomeguests.net/577

Sat 12 November 2011  Edward Griffin, David Graeber (reading)
Listen to hour#1 in New Tab (Right Click + Save As... to download)Listen to hour#2 in New Tab (Right Click + Save As... to download)
Download Hour1 Download Hour2
More of money's dark secrets this week. We begin with Edward Griffin on the connection between debt, central bankers and their direct financial interest in perpetuating war and the threat of it. We conclude by reading The Myth of Barter, chapter 2 of David Graeber's Debt, The First 5000 Years.

We start the show this week with Edward Griffincontinuing where we left off last week, explaining the mechanics of the money creation process, and the relationships between governments, central banks and commercial banks, between war, debt and the profit of a few.

By examining the origins of central banks in Europe, Griffin suggests a template to understand just how an elite, whom he calls international financiers, profit from perpetual war. This strategy, which he calls The Rothschild Formula, is basically the international organisation of financiers. Presenting a unified front allows them to exert power over individual national governments, provided they could be kept on hostile terms with one another (a topic which is expanded upon further in a A Brief History of Plutocracy, which features in episode 585). Focussing particularly on the first half of the 20thcentury, he recounts some extraordinary events which point to the hidden hand of these financiers, such as the involvement of foreign capitalists in the 1917 Russian Revolution.

Griffin continues into our second hour, after which we read The Myth of Barter, chapter 2 of David Graeber's Debt, The First 5000 Years. He soundly refutes the 'myth of barter', which was proposed by Adam Smith in 1776 to be an intermediate stage in the evolution of money, a misapprehension which is still widespread today.

Quotes-66.gifRarely has an historical theory been so absolutely and systematically refuted [as that of money evolving from barter]. By the early decades of the 20th century, all the pieces were in place to completely rewrite the history of money... [but] the curious thing is that it never happened. This new history was never written... Textbooks did not change their story — even if all the evidence made clear that the story [of money evolving from barter] was simply wrong.Quotes-99.gif

David Graeber, on the Myth of Barter, Chapter 2 of Debt, The First 5000 Years

As he explains, the story of barter holds a pervasive hold over the limited imagination of economists, since it obscures the role of centrally controlled money systems in extracting tribute and is used to justify the position of 'economics' as a discipline in itself, as separate from politics, anthropology or other fields of study.

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Doc Vega posted blog posts
3 hours ago
Doc Vega commented on Doc Vega's blog post Marjory Taylor Green Proposes Bill Abolishing Geoengineering or Weather Modification
"cheeki kea Marjory is in a daily battle with Democrats on the hill constantly coming up with more…"
5 hours ago
Doc Vega posted blog posts
Wednesday
Mr. Sizzle favorited Less Prone's video
Wednesday
tjdavis posted a photo
Tuesday
Doc Vega posted a blog post

The Saga of Joe Adams May Have Solved What's Behind the Numerous Disappearances Going on in our National Forests

     The year is 2023 in September. A nature’s photographer and experienced survivalist, Joe Adams…See More
Monday
Sandy posted a video

Aron Siri's opening statement, Senate Hearing on Covid Vaccines, May 25

Opening statement Aaron Siri, Managing Partner, Siri & Glimstad, L.L.P.Senate Homeland Security and Governmental Affairs, Permanent Subcommittee on Investiga...
Monday
cheeki kea replied to cheeki kea's discussion Tartaria
"A smidgeon of facts have come to light. In English a misspelling suddenly occurred where an extra R…"
Monday
Doc Vega posted a blog post

The Cancel Culture Vulture

  Better to shut them down than hear their point of viewCancel culture coming after youHelping to…See More
Jul 12
Doc Vega posted a photo
Jul 11
Doc Vega posted a blog post

The Fingerprint

The Fingerprint On a dance with the unpredictability of the signals you sendA solemn pact with my…See More
Jul 11
Sandy posted a video
Jul 11
tjdavis posted a video
Jul 9
Burbia replied to Burbia's discussion Trump Receives Marching Orders
Jul 9
Less Prone favorited Burbia's video
Jul 9
Less Prone replied to Burbia's discussion Trump Receives Marching Orders
"Bullets can be effective in reinforcing ownership."
Jul 9
Burbia posted a discussion

Trump Receives Marching Orders

Netanyahu has made 3 visits to the White house since Trump's second term as President of the United…See More
Jul 9
Burbia commented on Burbia's video
Thumbnail

Ben Shapiro Just LOST HIS MIND — There's No Coming Back From This

"Omg. The Ben Shapiro voice that Luke is imitating here couldn't be any more comedic to…"
Jul 8
Burbia posted a video

Ben Shapiro Just LOST HIS MIND — There's No Coming Back From This

Get the magnesium your body needs - https://wearechange.shop/product/magnesium-glycinate/Ben Shapiro Just LOST HIS MIND — There's No Coming Back From ThisHig...
Jul 8
cheeki kea posted photos
Jul 8

© 2025   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted